Sharlene has just put a down payment on a lot in a small subdivision. There are 24 lots in the subdivision, and all are approximately 0.3 acres in size. Four builders havebeen contracted by the subdivision manager to each build six homes in order to finish the subdivision in 6 months. Sharlene's uncle is one of the builders contracted bythe subdivision manager. What is the probability that Sharlene's uncle will be the builder that builds her house? Round your answer to two decimal places, if necessary.

To determine the probability that Sharlene's uncle will be the builder of her house, we can use the…

Answered: Sharlene has just put a down payment on…

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.6P

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